Global Wearable ECG Monitors Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

25 Oct, 2021

The wearable ECG monitor market consists of sales of ECG monitors embedded with optical sensors and designed to be affixed to a limb of human (patient) body to monitor physiological information anytime and anywhere. The market consists of revenues generated by establishments that are primarily engaged in the manufacturing of diagnostic wearable ECG monitors. An ECG records the tiny electrical signals that are generated by the beating of patient's heart. An ECG provides data on the heart rate, the rhythm, the state of the conduction system and muscle tissue (heart attacks), and even the level of certain chemicals like potassium in the blood, and the effect of medication.

Global Wearable ECG Monitors Market Size And Drivers:

The global wearable ECG monitors market is expected grow from $1.54 billion in 2020 to $1.63 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.14 billion in 2025 at a CAGR of 7%. With the increasing incidence of cardiovascular diseases (CVD), there has been a growing interest in developing wearable devices that can continuously monitor cardiac activity.

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Trends In The Global Wearable ECG Monitors Market

Prolonged ambulatory rhythm monitoring is crucial for the diagnosis of intermittent arrhythmia. Conventional technologies for non-invasive rhythm monitoring include Holter monitoring or external cardiac event recorders. However, these traditional technologies have limitations in term of low sensitivity, low diagnostic yield, and poor patient compliance. Although implantable cardiac monitors (ICMs) help in long-term monitoring, it is an invasive method as it requires minor surgery and is also associated with significant costs. Therefore, there is an increasing demand for non-invasive ambulatory rhythm monitoring. Smart clothing technology is a novel, alternative tool for non-invasive ambulatory rhythm monitoring.

Global Wearable ECG Monitors Market Segments:
The global wearable ECG monitors market is further segmented –
By Type: Wired, Wireless
By Application: Atrial Fibrillation, Angina, Atherosclerosis, Cardiac Dysrhythmia, Congestive Heart Failures (CHF), Coronary Artery Disease, Heart Attack, Bradycardia, Tachycardia
By Grade: Consumer, Clinical
By Sales Channel: Online, Pharmacy
By Geography: The global wearable ECG monitors market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Wearable ECG Monitors Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides wearable ECG monitors market overviews, analyzes and forecasts market size and growth for the global wearable ECG monitors market, wearable ECG monitors market share, wearable ECG monitors market players, wearable ECG monitors market segments and geographies, wearable ECG monitors market’s leading competitors’ revenues, profiles and market shares. The wearable ECG monitors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.